AI & Machine Learning

Agency Taps AI to Combat Soaring Houston Auto Insurance
Technology & Trends Agency Taps AI to Combat Soaring Houston Auto Insurance

Houston drivers are currently navigating an unprecedented auto insurance affordability crisis, with average annual premiums climbing to a staggering $3,191. This record-high figure, which reflects a sharp 38% increase over the last two years, imposes a considerable financial burden on local

For Tech Insurers, Why Do Contracts Trump Code?
Regulatory & Compliance For Tech Insurers, Why Do Contracts Trump Code?

In a landscape dominated by discussions of artificial intelligence and quantum computing, it is the centuries-old legal contract that continues to define the most significant risks for technology companies and their insurers. Despite the dizzying pace of technological innovation, the core

Outmarket AI Tool Streamlines Insurance Sales Proposals
Insurance Outmarket AI Tool Streamlines Insurance Sales Proposals

The intricate and often tedious process of crafting commercial insurance proposals has long been a significant operational bottleneck for brokers, consuming valuable hours that could otherwise be dedicated to client engagement and strategic growth. In a landmark move poised to reshape this

NAIC's AI Oversight Tool Draws Industry Criticism
Technology & Trends NAIC's AI Oversight Tool Draws Industry Criticism

The complex algorithms that now determine everything from car insurance premiums to life insurance eligibility are operating largely behind a digital curtain, a reality that state regulators are determined to change. As the insurance industry rapidly integrates artificial intelligence into its core

Can MGAs Afford to Ignore Digital Transformation?
Technology & Trends Can MGAs Afford to Ignore Digital Transformation?

A recent industry poll reveals a startling reality within the managing general agent sector: exactly half of all MGAs are only just beginning their digital transformation journey, struggling with outdated technology stacks while their competitors accelerate into the future. This significant divide

UConn Student Wins ACORD Challenge With AI Pet Insurance Data
Technology & Trends UConn Student Wins ACORD Challenge With AI Pet Insurance Data

The complex world of insurance underwriting met a powerful new ally when a University of Connecticut graduate student used artificial intelligence to streamline the chaotic data landscape of the booming pet insurance market. Manasa Ramaka, a graduate student pursuing a Master of Science in Business

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